Restaurant WLA, Busy Location. LA. New $90k Equipment

Home / Listing / Restaurant WLA, Busy Location. LA. New $90k Equipment

Background

BizEx ID:BizEx1305-EM
General Location:Los Angeles, CA
Category: Restaurant
Food & Kindred Products
Years in Business:1
Under Present Owner:1
Hours of Operation:
Owner Hours:Varies
Training:2 weeks @ 30 hours
Organization Type:S-Corp
Lease Expiration:
Lease Options:
Building Size:1300
Employees:3
Reason for Sale:Other Opportunities

Financials

Asking Price:$99,000
Down Payment:Negotiable
Gross Sales:Call
Discretionary Cash Flow:$NA
FF&E:$90,000
Inventory Included?Yes
Inventory:$1,000
Min. Operating Capital:
Real Estate Available?No
Rent:$7,200
Payroll:$8,000

Pictures


Description

Remodeled Restaurant. - Casual Dine-in and Take Out Restaurant.

 High Income Venice / Marina Del Rey Area 

  • Recently Upgraded Kitchen Equipment and Fixtures  - over $90,000 in improvements 
  • Busy Street; High Income Area, Prime Location in LA
  • Street Front, End Unit in a busy shopping center
  • Barbecue menu now but can easily converted to another food type; Mexican, Sushi, Pizza ....
  • Huge Potential for a new owner.

This is a great opportunity to take over a newly renovated, casual dinning restaurant with high income potential. (I recently represented a like restaurant 1 mile away that does $60,000 per month). The space has nice dine-in accommodations in this high income, vibrant beach area of WLA.  

Convert to another food type and serve your own specialty - the space could easily be re-branded and converted. Take over the long term lease.

This is strictly a Asset Sale, Cash Only, No Seller Note. The owner just opened 5 months ago no financials will be provided. Note: it is temporarily closed due to COVID.

For more information, please complete the Buyer Registration at https://www.bizex.net/buy-business/register

Eric Mellem, Business Broker at (310) 293-6414, emellem@bizex.net

 


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations